26 October 2016
it means we have to show balance in balance sheet as per actual balance not as per our cash book and have to do adjustment in B/S of all the difference in our cash book and as per bank??
26 October 2016
Yes u must show the actual balance in ur balance sheet. U must transfer all the cheques pending to b cleared(whether payment/receipt or contra) on last date (31st march normally) to cheque in hand, and also have to tally BRS as per Bank Statements.
CAclubindia
